Economy

July 23, 2012 12:00 AM

Activists seek increase in federal minimum wage

In an election year dominated by socioeconomic themes, it seems logical that raising the federal minimum wage would become a heated campaign issue in the battle for the presidency. Stagnating wages and the increasing concentration of wealth among the nation’s highest earners have prompted calls to boost the purchasing power of American workers. At $7.25 an hour, a full-time federal minimum-wage earner makes about $15,080 a year, which is below the federal poverty level for a two-person family.

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